Icelandair said Monday it will cease operations at Baltimore/Washington International Thurgood Marshall Airport next month.

The move by the Rekjavik-based airline, effective Jan. 18, is another blow to BWI’s efforts to grow its base of international carriers. Icelandair cited escalating costs and decreasing revenue for the move.

“We are fine-tuning the Icelandair route network and our capacity in an effort to increase profitability,” said Jon Karl Olafsson, CEO of Icelandair, in a statement.

The announcement comes the same day BWI said it set an October record for the number of travelers passing through its gates.